There are seven types of mutual funds by nature. These include:
3) Objective of investment
Every investment has, or should have, a clear objective. Keeping the different objectives of investors in mind, there are three types of mutual funds.
With the sheer variety available to mutual fund investors, there is no longer any such thing as the 'best mutual fund'. Rather, every individual investor now has the chance to decide which mutual funds, and combinations thereof, are best suited to their own financial means and desires.
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